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Manufacturing PMI (Jul 2019) Preview -......>

UK DATA: Manufacturing PMI (Jul 2019) Preview - 09:30 BST
- UK Manufacturing PMI: Bbg Consensus 47.6; MNI Consensus 47.7; Prev 48.0
- Economists expect a further decline below the 50 level
- All economists' estimates are sub-50 (Bbg Survey)
- Only 13 of 33 forecasters are predicting a rebound from last month's 48.0
reading (76-month low)
- In June manufactures reported a scaling back of output and new orders as a
result of high stock levels
- Industrial and Manufacturing indicators have continued to surprise negatively
over the past month
- The MNI UK Economic Surprise Index has been in negative territory for three
consecutive months

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